Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
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RIFCO has raised its $30 million Securcor Trust Securitization Facility to C$50 million ($48.6 million), which the company says will allow the auto loans firm to securitize to C$50 million in total loans in 2011.
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Ranieri Real Estate Partners has teamed up with private equity funds affiliated with WL Ross to acquire Deutsche Bank Berkshire Mortgage.
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Bank of America is said to be in talks to sell its correspondent mortgage unit to National Mortgage Holdings, a unit of Fortress Investment Group.
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UBS has named Sergio Ermotti as interim ceo after the resignation Friday of Oswald Gruebel following the bank’s $2.33 billion loss from unauthorized trading.
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JPMorgan’s auto asset-backed securities banking team told SI they see the sector thriving despite ongoing market volatility, with deals pricing at record tights in the past week.
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Lehman Brothers Holdings has decided that it will not appeal a U.S. Bankruptcy Court ruling that upheld the sale of its North American business in 2008 to Barclays Capital.
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HSBC Canada has announced that it is selling its retail brokerage to a unit of National Bank Financial in a deal valued at C$206 million ($200 million).
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The largest banks in Brazil, Russia, India and China are said to have set their sights on acquiring ailing European lenders, though the debt crisis and poor economic growth prospects may keep most of them on the sidelines.
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DebtX has been retained to sell $160 million of performing and non-performing commercial loans for Deutsche Postbank.